Analysts Expect Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Will Post Quarterly Sales of $242.44 Million

Analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) will announce $242.44 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Ollie’s Bargain Outlet Holdings’ earnings, with the lowest sales estimate coming in at $241.90 million and the highest estimate coming in at $243.10 million. Ollie’s Bargain Outlet Holdings reported sales of $211.26 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 30th.

According to Zacks, analysts expect that Ollie’s Bargain Outlet Holdings will report full year sales of $242.44 million for the current fiscal year. For the next fiscal year, analysts forecast that the firm will report sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Ollie’s Bargain Outlet Holdings.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, May 31st. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The firm had revenue of $227.60 million for the quarter, compared to analyst estimates of $220.56 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis.

Several equities research analysts recently weighed in on OLLI shares. Royal Bank Of Canada restated a “buy” rating and set a $37.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, May 25th. MKM Partners reiterated a “buy” rating and issued a $39.00 price objective (up previously from $34.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Friday, March 31st. Zacks Investment Research upgraded Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, March 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a report on Wednesday, March 29th. Finally, Piper Jaffray Companies set a $48.00 price objective on Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a report on Thursday, June 1st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $39.60.

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Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded up 0.58% during mid-day trading on Friday, hitting $43.25. The stock had a trading volume of 305,740 shares. The stock has a market cap of $2.64 billion, a P/E ratio of 40.80 and a beta of 0.14. Ollie’s Bargain Outlet Holdings has a 12 month low of $24.00 and a 12 month high of $44.08. The firm has a 50 day moving average price of $41.07 and a 200-day moving average price of $34.72.

In related news, VP Howard Freedman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $36.28, for a total transaction of $1,088,400.00. Following the completion of the transaction, the vice president now owns 60,180 shares of the company’s stock, valued at approximately $2,183,330.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kenneth Robert Bertram sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $42.81, for a total value of $449,505.00. Following the transaction, the vice president now directly owns 10,500 shares of the company’s stock, valued at approximately $449,505. The disclosure for this sale can be found here. Insiders sold a total of 60,500 shares of company stock valued at $2,398,905 in the last three months. Corporate insiders own 22.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC raised its stake in Ollie’s Bargain Outlet Holdings by 29.0% in the first quarter. Flinton Capital Management LLC now owns 3,026 shares of the company’s stock worth $101,000 after buying an additional 680 shares during the last quarter. Invictus RG purchased a new position in Ollie’s Bargain Outlet Holdings during the first quarter worth about $101,000. LS Investment Advisors LLC increased its position in Ollie’s Bargain Outlet Holdings by 125.2% in the first quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock worth $145,000 after buying an additional 2,407 shares during the period. Dubuque Bank & Trust Co. purchased a new position in Ollie’s Bargain Outlet Holdings during the first quarter worth about $153,000. Finally, State of Alaska Department of Revenue increased its position in Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock worth $176,000 after buying an additional 150 shares during the period. 95.21% of the stock is owned by institutional investors.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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Earnings History and Estimates for Ollie`s Bargain Outlet Holdings (NASDAQ:OLLI)

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